Khaitan Chemicals Faces Selling Pressure Amid Notable Price Decline and Trend Reversal

Khaitan Chemicals & Fertilizers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a decline of 2.00% in its performance, contrasting with the Sensex, which has seen a slight increase of 0.08%. This marks a notable trend reversal, as Khaitan Chemicals had enjoyed seven consecutive days of gains prior to this downturn.
Over the past week, the stock has performed well, gaining 13.95%, while the Sensex has dipped by 0.90%. However, the recent selling pressure has brought the stock down to an intraday low of Rs 101.07. Despite today's losses, Khaitan Chemicals has shown impressive performance over longer periods, with a remarkable 110.61% increase over the last three months and a staggering 734.60% rise over the past five years.

The stock is currently trading just 2.04% below its 52-week high of Rs 103.13, indicating strong historical performance. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust position in the market despite the current selling activity.